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Disclaimer

This blog is for entertainment purposes only. It is a place for me to share some of my thoughts on the market and what I think could be profitable trades. Nothing in this blog should be considered recommendations to take any action on any trade. Always seek advice from a professional financial advisor before investing any money in the stock market.

Archive for February 9th, 2010

Monday was a rather begnin day for swing trades. For the first time in a while there were no alerts triggered from the Trade Setup list. The existing alerts will remain in force and I have added a few more for today. The market still remains dangerous for swing trades as it searches for direction. As they say, there will be no bell ringing when we hit a bottom and as in yesterday, when everyone is expecting something (follow through to the upside) the market usually doesn’t oblige. The Big Picture on market thoughts have been updated here.

We can go either way from here so Ifor today I have aded 3 short setups to the Watchlist. PWRD, YGE and TSL short.